Thursday's payroll report led to some of the worst market angst we have seen since the big rally started, with the market plunging into its third consecutive weekly decline. While the numbers didn't strike me as anything really that different from "more of the same", neither did the previous few that seemed to encourage some market participants. I was pretty lucky to be a bear who was aware - aware that the market was quite overdone in March (and February too!). For those who follow my views,

Check out this sad story in the New York Times : apparently Morgan Stanley has been doing the right thing by taking fewer risks in their trading than their competitors at Goldman Sachs and Citibank. But in the perverse Wall Street system we have allowed to remain in place in this country, where the big financial traders make money for their firms by big gambles, the bankers who are actually being more responsible are being punished for it. Meanwhile there are record bonuses for the traders at

126 Dollar Days to go Jim Sinclair’s Commentary The truth in China runs totally juxtapose to the truth according to US media, financial TV and the usual chorus of talking heads, China bashers and so called experts. The following is a comment made by the Deputy Foreign minister to a group of visiting business people. There was no maybe or conversation on the topic. It was emphatic. “The financial crisis has fully exposed some shortcomings in the international currency system. Chin

The US economy experienced negative growth rates in 2008 (especially in the third quarter). This was primarily due to a slowdown in the market for housing and a significant fall in the consumer spending levels. With the help of financial planners and advisors, it is probable that the US economy might recover in 2009, at least in the second half of the year. A recovery of the US economy is of paramount importance, given the degree of dependence of the world market on the former. In an attempt